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Q5. Chapters 9-12 .Jill Angel holds a $200,000 portfolio consisting of the following stocks. The...

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Accounting

Q5. Chapters 9-12

.Jill Angel holds a $200,000 portfolio consisting of the following stocks. The portfolio's beta is 0.88.

Stock

Investment

Beta

A

$50,000

0.50

B

$50,000

0.80

C

$50,000

1.00

D

$50,000

1.20

Total

$200,000

If Jill replaces Stock A with another stock, E, which has a beta of 1.00, what will the portfolio's new beta be? Do not round your intermediate calculations.

Group of answer choices

*0.85

*1.10

*1.20

*0.80

*1.00

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